Venture Capital

Health Data Innovations: Strategic Investment From Hughes & Company Raised

By Dan Anderson ● Oct 10, 2023

Health Data Innovations, LLC (HDI) - a leading healthcare data integration platform serving value-based care providers and payers - recently announced a strategic investment from Hughes & Company, a Chicago-based private equity firm focused on healthcare software and technology-enabled services. Bowen acted as an exclusive financial advisor to HDI.

Chai: Strategic Investment Raised At $450 Million Valuation Cap

By Noah Long ● Oct 10, 2023

Chai - a leading social AI platform - recently announced that it has closed a strategic investment with CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads. This deal caps Chai's valuation at $450 million.

Evergrow: First Funding Of Clean Energy Tax Credit Transfer Completed

By Amit Chowdhry ● Oct 10, 2023

Clean energy finance company Evergrow announced today that it has completed the funding of a clean energy tax credit transfer on its platform. This announcement comes on the heels of the recent publication of tax credit transfer guidance by the IRS and the recent report by Bank of America of its commitment to purchase $580 million of clean energy tax credits.

AlphaSense: Market Intelligence Company Raises $150 Million At $2.5 Billion Valuation

By Amit Chowdhry ● Oct 9, 2023

AlphaSense - a leading market intelligence and search platform - recently announced its $150 million Series E financing round, led by BOND and joined by existing investors, including Alphabet's CapitalG, Viking Global Investors, and Goldman Sachs. The funding round brings AlphaSense's valuation to $2.5 billion.

Cardata: Tax-Compliant Mileage Reimbursement Software Company Closes $100 Million

By Amit Chowdhry ● Oct 9, 2023

Cardata - a leading provider of tax-compliant mileage reimbursement software to leading global organizations - recently announced a new round of growth investment led by Wavecrest Growth Partners, with participation from MassMutual Ventures. Launched in 1999, Cardata offers reimbursement software, compliance programs, and business intelligence tools for companies whose employees drive their cars for work.

Deka Biosciences: $20 Million Secured To Maximize Patient Benefits Through Improved Pharmacokinetics

By Annie Baker ● Oct 9, 2023

Biotech company Deka Biosciences recently announced that it has successfully closed a $20 million Series B2 financing with a syndicate of life science investors led by MPM BioImpact and joined by additional investors, including Leaps by Bayer, Lumira Ventures, O-Bio (Echo Investment Capital), Viva BioInnovator, Alexandria Venture Investments, Amana Investments, Plains Ventures, ATEM Capital and CEO John Mumm.

Nextdata: Data-Mesh-Native Platform Company Closes $12 Million

By Noah Long ● Oct 9, 2023

Nextdata - a provider of a data-mesh-native platform to build and share data products at scale - recently announced it has raised $12 million in seed investment led by Greycroft and Acrew Capital, with participation from additional investors and leading industry angels. The funding round will enable the development of the company’s proprietary data mesh technology and expand the hiring of critical talent across product, engineering, and go-to-market teams.

Imagine H2O: Applications Now Open For Accelerator Program

By Amit Chowdhry ● Oct 9, 2023

Imagine H2O opened the applications for its accelerator programs on October 4, following WEFTEC 2023 in Chicago, Illinois. This program equips early-stage startups with the resources they need to address water scarcity.

Mercury: Early-Stage Venture Firm Closes $160 Million

By Amit Chowdhry ● Oct 9, 2023

Mercury Fund - a premier early-stage venture firm focused on investments outside of traditional coastal tech hubs - recently announced the successful closing of Mercury Fund V, with $160 million in capital commitments.

Partillion Bioscience: $5 Million In Seed Funding Closed

By Noah Long ● Oct 9, 2023

Partillion Bioscience Corporation - a life science tools company - recently announced the closing of a $5 million seed financing round, expansion of its board of directors, and a multiyear agreement with Alloy Therapeutics as a Preferred Partner providing antibody discovery services using Partillion's Nanovial technology. Nanovials handle numerous industry challenges as the first microscale test tubes engineered to isolate and analyze individual cells compatible with standard laboratory equipment.

PortX: Open Banking Company Secures $16.5 Million

By Amit Chowdhry ● Oct 9, 2023

PortX - a transformative leader in open banking and seamless core integration for community financial institutions - recently announced the successful closing of a $16.5 million Series B funding round. The funding round was co-led by FUSE, a Pacific Northwest-based venture capital firm and Curql, a collective of forward-thinking credit unions. They were joined by BankTech Ventures, EJF Capital, and the Btech Consortium – all financial services-focused investment firms representing nearly 200 community financial institutions. This announcement comes one year after the company secured $10 million to close its Series A funding.

UnitX: $5 Million Raised To Advance Robotics At The Forefront Of Manufacturing Yield Management

By Dan Anderson ● Oct 9, 2023

UnitX - a robotics company building next-generation AI vision systems at the forefront of quality and yield management in manufacturing - recently announced a $5 million investment from SE Ventures, a venture fund backed by energy and automation giant Schneider Electric.

Yaysay: Gamified Shopping App Closes $10.3 Million

By Amit Chowdhry ● Oct 9, 2023

Yaysay is a company that recently launched in Beta mode. It is a first-of-its-kind shopping app that combines AI-driven personalization with gamification to transform the off-price shopping experience. Launched by retail industry pioneers, including two of the co-founders of Casper and executives from Gilt Groupe and Stitch Fix, Yaysay aims to make off-price shopping an exciting 5-minute daily habit while also providing a sustainable solution for excess inventory in the retail industry. The company also announced it secured a $10.3 million seed round of funding.

Machine Discovery: $6 Million Closed To Accelerate Compute-Intensive Optimization Tasks

By Annie Baker ● Oct 9, 2023

Machine Discovery - a software company that uses machine learning technology to accelerate compute-intensive optimization and simulation tasks - announced it has secured $6 million of funding. The funding round was led by BGF (one of the UK's largest investors) and East Innovate along with Foresight WAE Technology Funds, UK Innovation and Science Seed Fund (UKI2S), independently managed by Future Planet Capital (Ventures) Ltd and Oxford Technology.

Lumu: Continuous Compromise Assessment Cybersecurity Company Raises $30 Million

By Noah Long ● Oct 9, 2023

Lumu - the creators of the Continuous Compromise Assessment cybersecurity model that enables organizations to operate cybersecurity proficiently - recently announced it has closed a $30 million Series B round led by Forgepoint Capital, with participation from existing investors BIP Ventures, Exceptional Capital, and SIMMA Capital. Forgepoint Capital Managing Director Leo Casusol will join the Board of Directors. The new funding round brings the total funding raised to $38 million.

Gem Security: Cloud Detection and Response Closes $23 Million In Funding

By Amit Chowdhry ● Oct 9, 2023

Gem Security - a Cloud Detection and Response (CDR) company - recently announced $23 million in Series A funding led by GGV Capital and joined by IBM Ventures, Silicon Valley CISO Investments (SVCI), an array of notable angel investors, and existing investor Team8. This oversubscribed Series A funding round - which is hot on the heels of Gem's Seed funding round, reflects investor trust based on solid market validation. This funding round follows the seed round led by Team8 and brought Gem's total funding to $34 million.

Prompt AI: $5 Million Raised To Democratize Access To Computer Vision Technology

By Noah Long ● Oct 9, 2023

Prompt AI - a startup utilizing the power of large language models to democratize access to computer vision - recently announced that it has raised $5 million in seed funding led by prominent investors AIX Ventures and Abstract Ventures.

Accredible: Digital Credentialing Platform Secures Series B Funding Round

By Noah Long ● Oct 5, 2023

Accredible - a leading digital credentialing platform - recently announced the closing of its Series B financing led by Frontier Growth with participation by new and existing investors, including The Stephens Group, PivotNorth, and Uncork Capital.

Evozyne: Novel Protein Systems Company Closes $81 Million In Series B Funding

By Noah Long ● Oct 5, 2023

Evozyne recently announced the closing of an $81 million Series B investment round that will fund the biotech’s generative AI-powered drug discovery platform and product development. Fidelity Management & Research Company and OrbiMed led the funding round with participation from NVentures (NVIDIA’s venture capital arm).

Geneos Therapeutics: Clinical-Stage Biotherapeutics Company Secures $5 Million

By Annie Baker ● Oct 5, 2023

Geneos Therapeutics - a clinical-stage biotherapeutics company focused on developing personalized therapeutic cancer vaccines (PTCV) - recently announced that it has completed its Series A3 financing round with an additional investment of $5 million, totaling $10 million.

Industry Ventures: Over $1.7 Billion Closed, Bringing Total Committed Capital To $7+ Billion

By Amit Chowdhry ● Oct 5, 2023

Industry Ventures - a leading investment firm focused on private technology investments - recently announced the final closing of Industry Ventures Secondary X with over $1.45 billion of new commitments. The firm also closed Industry Ventures Tech Buyout II with over $260 million of new capital commitments across the Fund and affiliated entities.

CellFE: $22 Million Raised To Advance Microfluidics-Based Cellular Engineering Platform

By Noah Long ● Oct 5, 2023

CellFE - a life sciences tools company developing a microfluidics-based cell engineering platform dedicated to transforming the development and manufacturing of advanced cell therapies - recently announced the completion of a $22 million Series A financing led by M Ventures.

Breezit: Event Planning Digital Marketplace Company Raises $2 Million

By Amit Chowdhry ● Oct 5, 2023

Breezit - a professional event planning digital marketplace - recently announced that it has now raised $2 million in funding. Practica Capital led the pre-seed round.

Avalyn: Targeted Inhalation Therapy Company Raises $175 Million

By Noah Long ● Oct 5, 2023

Avalyn Pharma - a clinical-stage biopharmaceutical company focused on developing targeted inhalation therapies for life-threatening pulmonary diseases - announced the closing of an oversubscribed $175 million Series C financing. Avalyn plans to use the funding to continue the development of its portfolio of inhalation therapies for interstitial lung disease that improve upon currently approved medications and advance lead clinical assets AP01 (inhaled pirfenidone) and AP02 (inhaled nintedanib) into mid-stage clinical trials.

Doceree: Physician-Only Platform For Programmatic Messaging Secures $35 Million

By Annie Baker ● Oct 5, 2023

Doceree - a leading global network of physician-only platforms for programmatic messaging - recently announced a $35 million Series B round led by Creaegis, the leading digital and technology investment firm. Existing investors Eight Roads Ventures and F-Prime Capital also joined the round.

Boisson: Non-Alcoholic Beverage Retailer Reveals New Funding Round And CEO

By Amit Chowdhry ● Oct 5, 2023

Boisson - the largest non-alcoholic beverage retailer - recently announced the appointment of Sheetal Aiyer as CEO. In a parallel path, the brand has revealed that it has received funding in a $5 million bridge round from Convivialité Ventures, the VC arm of Pernod Ricard, and Connect Ventures, the investment partnership between entertainment and sports agency Creative Artists Agency (CAA) and global venture capital firm New Enterprise Associates (NEA).

Nord Security: Valuation Doubles With $100 Million Funding Round

By Amit Chowdhry ● Oct 5, 2023

Nord Security - a global leader in internet privacy and security solutions - recently announced a $100 million funding round from Warburg Pincus, a leading international growth investor. The existing investors participating in the round include Novator Ventures and Burda Principal Investments.

Canvs AI: $15 Million Raised To Advance Consumer And Employee Feedback Platform

By Amit Chowdhry ● Oct 5, 2023

Canvs AI - a leading insights platform built to unlock consumer and employee feedback - recently announced that it has successfully raised $15 million in funding led by Fulcrum Equity Partners. Strategic investor Engage (an innovative corporate venture initiative from category-leading corporations like Coca-Cola, Delta Air Lines, Cox Enterprises, Inspire Brands, and The Home Depot) also participated in the round.

Aug X Labs: $3.1 Million Raised To Democratize Commercial Video Production for Businesses And Consumers

By Amit Chowdhry ● Oct 5, 2023

Aug X Labs - a company dedicated to democratizing video creation through AI technologies - recently announced it has secured an over-subscribed seed funding round of $3.1 million. The funding round will be used to hire and retain staff, continue core technology development, and expand customer acquisition efforts for the flagship Augie product as it exits beta later this year.

Scentian Bio: Biosensor Platform Company Secures $2.1 Million In Seed Funding Round

By Amit Chowdhry ● Oct 5, 2023

Scentian Bio - a biosensor platform innovator unlocking the power of insect-level smell and taste sensitivity - recently announced the closing of its $2.1 million seed round led by Finistere Ventures and Toyota Ventures, with participation from Icehouse Ventures and Our Crowd, etc.